July 10, 2008
GE Passes $4 Billion Renewable Energy Mark
With a goal of investing $6 billion in renewable energy by 2010, GE Energy Financial Services has passed the $4 billion mark – just five months after hitting $3 billion – by investing in New York State’s three newest wind farms. GE will invest a total of $100 million in the three wind farms, whose construction began last month.
GE Energy Financial Services closed more than $2 billion of renewable energy transactions last year, and by 2010 expects they will comprise 20-25 percent of its overall energy and water portfolio, up from about 10 percent in 2006.
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